LivePerson (LPSN) Director Lane Nathan Surrenders 23,350 RSUs

What Happened
Lane Nathan, a director of LivePerson (LPSN), had 23,350 restricted stock units (RSUs) cancelled and converted into the right to receive the per‑share merger consideration as part of LivePerson’s merger with SoundHound AI. The filing shows a disposition to the issuer of 23,350 RSUs on September 4, 2026; no per‑share price or total cash/stock amount is reported in the Form 4 (listed as N/A).

Key Details

• Transaction date: September 4, 2026 (reported same day the merger became effective).
• Transaction type/code: Disposition to issuer (D) — 23,350 Company RSUs cancelled/converted.
• Reported price/value: N/A in the Form 4; RSUs were converted into the Per Share Merger Consideration under the merger agreement.
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes from the filing:
  • The RSUs were cancelled at the First Effective Time of the merger under the Amended and Restated Merger Agreement among LivePerson and SoundHound (F1).
  • The 23,350 items represent Company RSUs held immediately prior to the First Effective Time (F2).
  • Those RSUs were converted into the right to receive the Per Share Merger Consideration per the merger terms (F3).
• Filing timeliness: Reported on September 4, 2026 (same date as the transaction/effective time), indicating a timely filing.

Context
This was not an open‑market sale by the director but a contractual conversion/cancellation of RSUs tied to the company’s acquisition. Such transactions reflect deal mechanics (payment under the merger agreement) rather than an independent buy/sell signal from the insider.